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CITY of NEWPORT Investment Prospectus

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CITY of NEWPORT Investment Prospectus CITY OF NEWPORT Investment Prospectus Dinas CASNEWYDD OUR OBJECTIVES Foreword On behalf of the Newport Economic Network we are delighted to • Deliver shared prosperity present the first investment prospectus for the city of Newport. The prospectus has been prepared by partners across the city and sets out • Build an economic environment our ambitions to transform Newport over the next 10 years. Much has of growth and success been achieved in recent years – the completion and opening of Friars Walk retail and leisure centre in 2015 has perhaps been the best example of the • Move Newport up the city’s transformation. ‘value chain’ Newport’s location, sense of identity and growing confidence means the foundations are now in place to fulfil the city’s economic potential. The city has a proud and varied history and we want to build a future which respects this legacy whilst recognising that future economic growth will be founded on very different skills. We are home to many successful and growing businesses and the city is projected to grow significantly over the next 10 years. Our key aim over that period is to create the conditions which will stimulate further investment. This means we need to build our social capital as well as maintaining our focus on physical regeneration. Ultimately we want to make Newport a city where everyone can achieve their potential. The abolition of the Severn Bridge tolls have removed a critical barrier to investment and we now stand on the verge of an important new era for the city. Newport will soon be home to the Wales International Convention Centre which is another example of how the profile of the city is changing. Effective partnerships will be at the heart of our approach and we want to work positively with investors to turn ambitious plans into reality to ensure all our communities see the benefit of economic growth. ‘Bridging the gap We look forward to continued discussions and thank you for your interest. Cllr Debbie Wilcox Professor Simon Gibson, CBE for economic success’ Leader of Newport City Council Chair, Newport Economic Network Since we opened our first office in Newport in 2008, it has been a great success. We are committed to the city and hope to grow our operation there. As well as great transport links our staff have access to all the amenities and facilities of Newport City Centre. Huw Llewellyn, Head of Property, Admiral Group 2 3 OVER 1.6 ONE NAMED MILLION HOUR’S LIVE WITHIN DRIVE 6,000 TO START UP A Newport NEW BUSINESS JOBS CREATED the Facts BETWEEN 2015-17 EXCELLENT ROAD, RAIL, and figures SEA AND AIR SERVICES Newport is undergoing one of the largest regeneration programmes in the UK. Projects Ranked to date have delivered huge transformation creating BN nd significant business opportunities, and positioning 2 the city as one of the leading centres of the Cardiff £2 Capital Region. PUBLIC/PRIVATE In the UK FOR THE LARGEST PROPORTION AN IDEAL BUSINESS AND OF HIGH-GROWTH BUSINESSES The highly anticipated Friars Walk opened in SECTOR INVESTMENT INVESTMENT LOCATION November 2015, bringing top retail and leisure brands to the city centre. The International Convention Centre Wales (ICCW), designed to attract events from across the world, is planned for the city. REMOVAL OF OF YOUNG Global leaders in technology, manufacturing, BRIDGE TOLLS 97% PEOPLE ARE IN distribution, financial services and public sector organisations are located here, attracted by the EDUCATION, city’s superb location and large workforce – GREATLY IMPROVE EMPLOYMENT Admiral, Gocompare.com, Airbus, Lloyds Banking ROAD JOURNEYS Group, Next Generation Data, the Office for AND CUT COSTS OR TRAINING National Statistics, the Intellectual Property Office SUPERB M4 LOCATION and Tata Steel. With planned investments, high-growth innovative businesses and sites ripe for development, SUPERB TRANSPORT SUPERFAST & Newport is set to realise its national and CONNECTIONS ULTRAFAST international potential. SOARING BROADBAND MBPS INTERNATIONAL SPEEDS OF 100 PROFILE UP TO - HOSTING 2010 RYDER CUP AND 2014 NATO SUMMIT ARE AVAILABLE TO FOR DISTRIBUTION AND OF ALL PREMISES LOGISTICS OPERATIONS 96% 4 5 why Newport? ACORN CASE STUDY SPTS CASE STUDY We have come a long way since our first Acorn branch opened in Newport in 1992. Newport - the electronics epicentre - offered opportunities to supply semi-skilled and skilled people into that SPTS Technologies is a capital equipment fast-moving industry. Acorn met the labour demands manufacturer for the global semiconductor industry. of ambitious global inward investors, such as Our customers use our equipment to make Panasonic, LG and Newbridge Networks. semiconductors, microelectromechanical systems (MEMS devices) and sensors that not only go into almost After almost three decades in the business, we have every smartphone in the world but are also used to expanded across 38 UK locations and grown our power wind farms, enable smart and electric vehicles, team to around 300 people. and provide always-on connectivity with Bluetooth, Wi-Fi and mobile communications, to mention a few. Building on from supplying staff to South Wales companies, Acorn Global now places international Being located in Newport provides excellent access for executives and technical and engineering transport links which is essential as we export more professionals. CORE delivers facilities management than 98% of our products. We have been headquartered and the supply of machinery, and ACORN RAIL in Newport for more than 20 years and in the past 10 supports large-scale infrastructure projects. years have manufactured and exported more than £1.5 We are also very proud of our Australian subsidiary Billion worth of semiconductor processing equipment SYNACO, an organic start-up in 2015, the firm now from Newport to customers around the world. has 11 offices and generates sales of over $100m AUSD, created and managed from the UK team. As we continue to grow our business it is essential to have access to the highly skilled workforce in the region As for the future in Newport, with the freedom of no as well as ties with the universities for research and bridge tolls, opportunities from the ICCW project, a development of next generation products. The growing commercial property boom and our scale up in the Compound Semiconductor Cluster will bring new digital tech sector, Newport has exciting growth opportunities for SPTS Technologies and the local potential. The city we call home can now stand in line economy – it is an exciting time to be located here. with established UK powerhouses such as Leeds, Leicester, Middlesbrough, Tottenham and Manchester! Kevin Crofton, President of SPTS Technologies Matt Southall, Group Managing and Corporate Vice President at Orbotech Director, Acorn Group 6 7 Newport - Newport - an a connected city international city Newport is served by excellent road, rail, sea As host City for the Nato Summit in 2014 and and air services making it an ideal business and the Ryder Cup in 2010, Newport’s reputation as an investment location. international centre for sports and business events is growing rapidly. London is just 90 minutes away by train and 120 minutes by car. Electrification will reduce rail journey The exciting new International Convention Centre times and the removal of tolls on 17 December 2018 has Wales (ICCW) will help secure even more greatly improved road journeys. This will enhance the world-class events. city’s prospects still further. Newport is also realising its ambition to become a national digital hub through a multi-million pound investment in its broadband and digital connections. RAIL LINKS FROM NEWPORT: CARDIFF: 15 MINUTES BRISTOL: 20 MINUTES LONDON: 90 MINUTES MANCHESTER: 175 MINUTES International Convention Centre Wales INTERNATIONAL World leaders at Nato DRIVE TIME FROM NEWPORT: NEWPORT’S AIRPORTS: Summit in Newport CARDIFF: 20 MINUTES DEEP-WATER PORT CARDIFF AIRPORT: 35 MINUTES BRISTOL: 30 MINUTES HANDLES SHIPS BRISTOL AIRPORT: 45 MINUTES BIRMINGHAM: 1HR 30 UP TO HEATHROW AIRPORT: 2 HRS LONDON: 2 HRS 40,000 TONNES FREE SUPER-FAST PUBLIC FULL FIBRE WI-FI CONNECTIVITY Ryder Cup Winners! Celtic Manor Resort 8 9 A learning city University of South Wales City Campus education UNIVERSITY Investment in education, skills and IS ONE OF THE entrepreneurialism has been at the heart of Newport’s regeneration. We now have an LARGEST award-winning university campus in the city centre which forms part of the University of South Wales (USW). IN THE UK The university is a key player in the economic growth of south east Wales. With a turnover of £190m the university is a major partner to UK government, industry, AWARD-WINNING Welsh government and a broad range of businesses. UNIVERSITY CAMPUS A core USW strength is to deliver industry relevant IN THE CITY CENTRE education and research which is applied to real life. UNIVERSITIES WITHIN 530 MILES OF NEWPORT Alacrity Foundation Name Ranking No of Students Employment Success University of 22,800 students studying at the University of South 95% of graduates are in employment and/or further Ranked in the Top 10 UK universities for Complementary Medicine South Wales Wales education shortly after graduation Ranked in the Top 10 UK universities for Architecture, General Engineering 31,935 students studying at Cardiff University 95.7% of graduates are in employment and/or further Cardiff University and Medical Technology (amongst others). 10th largest university in UK in terms of student numbers education shortly after graduation Cardiff Metropolitan 12,000 students studying at Cardiff 95% of graduates are in employment and/or further Ranked in the Top 10 UK universities for Complementary Medicine University Metropolitan University education shortly after graduation Ranked in the Top 10 UK universities for Aeronautical and Manufacturing 93% of graduates are in employment and/or further Bristol University Engineering, Civil Engineering, Electrical and Electronic Engineering, 26,100 students studying at Bristol University education shortly after graduation 4th most targeted Economics, Mechanical Engineering.
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